Fiserv, Inc. (NYSE:FI) Shares Sold by Baldwin Investment Management LLC

Baldwin Investment Management LLC cut its position in Fiserv, Inc. (NYSE:FI) by 2.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,345 shares of the business services provider’s stock after selling 600 shares during the period. Baldwin Investment Management LLC’s holdings in Fiserv were worth $3,835,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wellington Shields & Co. LLC acquired a new position in Fiserv during the first quarter valued at $25,000. Family Firm Inc. purchased a new position in shares of Fiserv during the 2nd quarter valued at about $31,000. Clean Yield Group boosted its stake in shares of Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares during the last quarter. Cedar Mountain Advisors LLC grew its holdings in Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares during the period. Finally, Newbridge Financial Services Group Inc. raised its position in Fiserv by 95.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 127 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. The trade was a 4.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the sale, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 235,821 shares of company stock valued at $44,299,745. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the subject of several recent research reports. Royal Bank of Canada lifted their target price on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Susquehanna increased their price target on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, October 18th. Robert W. Baird upped their target price on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Barclays lifted their price target on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company upped their price objective on shares of Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.29.

Fiserv Trading Up 0.3 %

NYSE FI opened at $222.45 on Wednesday. Fiserv, Inc. has a 12 month low of $125.42 and a 12 month high of $223.23. The stock has a market capitalization of $126.56 billion, a P/E ratio of 42.78, a PEG ratio of 1.70 and a beta of 0.92. The firm’s 50-day moving average is $197.64 and its two-hundred day moving average is $171.95. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter last year, the firm earned $1.96 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, sell-side analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.